Petrol, diesel price hiked sharply for 12th consecutive day; check rates

Fuel prices in India were yet again revised on Thursday as part of daily revision by Oil Marketing Companies (OMCs).

Petrol price has been hiked by 53 paise while diesel rates in the country went up by 64 paise.

A litre of petrol in Delhi is retailing at Rs 77.81, compared to yesterday’s rate of Rs 77.28. Diesel, on the other hand, is retailing at Rs 76.43 per litre.

Mumbaikars are paying Rs 84.66 for a litre of petrol while diesel price in the city has increased to almost Rs 75 per litre.

At Rs 84.79 per litre, people in Jaipur are paying the highest rate for petrol. As of now, it is the only city where diesel is retailing above Rs 77 per litre.

People living in Chennai, Bengaluru, Hyderabad and Patna will also have to pay over Rs 80 for a litre of petrol. Petrol rates in Kolkata and Noida are also lingering just a notch below the Rs 80/litre mark.

Petrol prices have witnessed a cumulative rise of over Rs 6.50 per litre since June 7 after a 82-day hiatus. Diesel rates, meanwhile, have been hiked by over Rs 7 per litre since the fresh round of hikes started.

The sharp rise in petrol and diesel prices has not only led to a lot of public criticism, but political parties are now slamming the NDA government for distressing citizens during an economic slowdown.

It may be noted that the hike in petrol and diesel rates come even as global crude oil prices are tumbling.

While the fresh round of hikes by OMCs started with a sharp rebound in international oil rates, fears of an oil supply glut around the globe due to rising coronavirus cases have again resulted in a drop in prices — a reason why many political parties are now demanding a reduction in fuel prices.

Read | Petrol, diesel price hiked for 11th straight day, check rates